Kohl’s eliminates three executives in reorganization

SuzanneKapner

Kohl’s Corp. has eliminated three senior leadership positions at a time when the department-store chain is battling sluggish sales and a depressed share price.

The company told the three executives--chief digital officer, senior vice president of store environment and development, and senior vice president of communications and public relations--on Thursday that their positions were being cut.

A Kohl’s
KSS, -3.25%
spokeswoman said the moves were part of a reorganization designed to make the company more agile.

The reorganization comes as Kohl’s board of directors is weighing options that could include a partial or full sale to a private-equity firm, people familiar with the conversations have said. These people cautioned, however, that the discussions were preliminary and Kohl’s may choose to take no action.

Like other department stores, Kohl’s has struggled with growth, losing out to online rivals and fast-fashion chains. In recent years, overall sales growth has been flat while profits have been declining. Sales at stores open at least a year have declined for the past two years. The company reports full-year earnings later this month.

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